Chesswood Group (TSE:CHW) Share Price Passes Below 200-Day Moving Average of $7.53

Chesswood Group Limited (TSE:CHW) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.53 and traded as low as C$7.14. Chesswood Group shares last traded at C$7.25, with a volume of 3,600 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada increased their target price on Chesswood Group from C$6.00 to C$7.00 in a report on Thursday, January 4th.

Chesswood Group Trading Up 0.6 %

The company has a market capitalization of C$132.75 million, a price-to-earnings ratio of -4.37 and a beta of 2.15. The company has a debt-to-equity ratio of 1,047.24, a quick ratio of 38.05 and a current ratio of 44.92. The firm has a fifty day moving average price of C$7.89 and a 200-day moving average price of C$7.53.

Chesswood Group (TSE:CHW) last released its earnings results on Thursday, March 14th. The company reported C($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.09) by C($0.56). Chesswood Group had a negative return on equity of 15.79% and a negative net margin of 28.21%. The company had revenue of C$74.76 million for the quarter, compared to analyst estimates of C$79.24 million. As a group, equities analysts anticipate that Chesswood Group Limited will post 1.1145997 EPS for the current year.

About Chesswood Group

Chesswood Group Limited operates primarily in the specialty finance industry in North America. The company offers micro and small-ticket commercial equipment financing and origination to small and medium-sized businesses through the third-party broker and equipment vendor channels; and commercial equipment financing and loans to small and medium-sized businesses.